Mixed-Use Commercial Project Of Over 343,000 Square Feet Breaks Ground In Palm Beach County

Written by on 12.20.16 in Land, MultiFamily, Office, Retail - No comments

The first phase of the Water Tower Commons mixed-use project in Lantana has broken ground, with the commercial buildings first up.

Florida Community Bank awarded a $20 million construction loan to Lantana Development, a partnership between Kenco Communities and Wexford Capital. County records show that Williams Company Southeast recently started site work on the 73.3-acre property at 1199 W. Lantana Road.

Click on the photo to view a SFBJ slideshow of the Water Tower Commons project

The commercial phase of Water Tower Commons will total 343,187 square feet on 36.5 acres. That breaks down to 264,768 square feet of retail, 13,100 square feet of pharmacy, 4,519 square feet of fast food restaurants, 12,000 square feet of sit down restaurants, 16,000 square feet of office, and a 32,800-square-foot fitness center.

The second phase, which has yet to break ground, would include 1,091 apartments. The developer would also build a park around the city’s water tower.

Lantana Development acquired the property, formerly a state hospital, for $15.6 million in 2014. Urban Design Kilday Studios designed the project.

 

Source: SFBJ

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